2021
DOI: 10.3390/electronics10212659
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Mathematical Analysis of Parametric Characteristics of the Consensus Algorithms Operation with the Choice of the Most Priority One for Implementation in the Financial Sphere

Abstract: Blockchain is one of the leading data transfer technologies that eliminate the need for centralized management through consensus algorithms. This article describes the consensus algorithms, their benefits, and their applications within a micropayment system in the financial sector. Preliminary studies have shown that the performance of distributed databases largely depends on the chosen consensus algorithm. The main task of the study is to create a mathematical model to assess their performance. The most popul… Show more

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Cited by 3 publications
(1 citation statement)
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“…Hash-based marks give a lightweight and quantum-safe option for computerized marks. The execution will include the making of advanced marks utilizing hash capabilities and Merkle tree structures [22]. This reconciliation will add to the general security and credibility of exchanges inside the blockchain.…”
Section: Expected Outcome Of the Proposed Workmentioning
confidence: 99%
“…Hash-based marks give a lightweight and quantum-safe option for computerized marks. The execution will include the making of advanced marks utilizing hash capabilities and Merkle tree structures [22]. This reconciliation will add to the general security and credibility of exchanges inside the blockchain.…”
Section: Expected Outcome Of the Proposed Workmentioning
confidence: 99%